United Security Bancshares (NASDAQ:UBFO) Director Acquires $14,401.09 in Stock

United Security Bancshares (NASDAQ:UBFO) Director G Thompson Ellithorpe acquired 1,471 shares of United Security Bancshares stock in a transaction on Wednesday, November 27th. The stock was acquired at an average price of $9.79 per share, with a total value of $14,401.09. Following the purchase, the director now directly owns 86,364 shares in the company, valued at approximately $845,503.56. This trade represents a 1.73 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

United Security Bancshares Stock Performance

NASDAQ:UBFO traded up $0.06 during trading on Friday, reaching $9.83. The company’s stock had a trading volume of 8,137 shares, compared to its average volume of 20,464. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $170.26 million, a price-to-earnings ratio of 9.58 and a beta of 0.59. United Security Bancshares has a 12 month low of $7.02 and a 12 month high of $9.86. The firm has a 50 day moving average of $8.92 and a 200-day moving average of $8.08.

United Security Bancshares (NASDAQ:UBFO) last posted its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.22 earnings per share for the quarter. The company had revenue of $13.84 million during the quarter. United Security Bancshares had a return on equity of 13.96% and a net margin of 25.78%.

United Security Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Monday, October 7th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.48 annualized dividend and a dividend yield of 4.88%. United Security Bancshares’s payout ratio is 47.06%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Miracle Mile Advisors LLC grew its stake in shares of United Security Bancshares by 23.1% during the 3rd quarter. Miracle Mile Advisors LLC now owns 16,000 shares of the financial services provider’s stock worth $139,000 after acquiring an additional 3,000 shares during the period. Barclays PLC boosted its stake in United Security Bancshares by 12.5% in the 3rd quarter. Barclays PLC now owns 28,576 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 3,171 shares during the period. Empowered Funds LLC boosted its stake in United Security Bancshares by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 49,201 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 2,412 shares during the period. Kennedy Capital Management LLC boosted its stake in United Security Bancshares by 33.6% in the 1st quarter. Kennedy Capital Management LLC now owns 78,141 shares of the financial services provider’s stock worth $602,000 after purchasing an additional 19,658 shares during the period. Finally, Private Wealth Advisors LLC boosted its stake in United Security Bancshares by 1.6% in the 2nd quarter. Private Wealth Advisors LLC now owns 81,811 shares of the financial services provider’s stock worth $591,000 after purchasing an additional 1,299 shares during the period. Institutional investors own 30.88% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on United Security Bancshares in a research note on Thursday, September 5th. They issued a “hold” rating for the company.

United Security Bancshares Company Profile

United Security Bancshares operates as the bank holding company for United Security Bank, a state-chartered bank that provides a range of commercial banking services to the business and professional community, and individuals in California. The company accepts various deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit.